Belief non-equivalence and financial trade: a comment on a result by Araujo and Sandroni

Aloisio Araujo and Alvaro Sandroni have shown in [1] that in a complete-markets economy in which there are no exogenous bounds to financial trade, existence of equilibrium requires agents with prior beliefs that agree on zero-probability events, and, therefore, with asymptotically homogeneous poster...

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Detalles Bibliográficos
Autores Principales: Carvajal Escobar, Andrés Mauricio, Riascos Villegas, Alvaro José
Formato: Desconocido (Unknown)
Lenguaje:Inglés (English)
Publicado: Universidad de los Andes, Facultad de Economía, CEDE 2018
Materias:
Acceso en línea:http://hdl.handle.net/1992/8004